Traton finalizes $3.7 billion Navistar acquisition deal

Filed under: Earnings/Financials,Commercial Vehicles

Finalisation of the deal comes after Traton said on Oct. 16 it had agreed to raise its bid for Navistar to $44.50 per share, up from $43, as it closed in on an acquisition that would create a global manufacturer. The agreement which brings Navistar together with the MAN, Scania and Volkswagen trucks brands is in tune with trends in the truck industry which has been seeking ways to share the costs of developing low emissions technology.

Continue reading Traton finalizes $3.7 billion Navistar acquisition deal

Traton finalizes $3.7 billion Navistar acquisition deal originally appeared on Autoblog on Sun, 8 Nov 2020 10:11:00 EST. Please see our terms for use of feeds.

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